AVB 0.00% 16.5¢ avanco resources limited

resist the dark side, page-56

  1. 29,185 Posts.
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    Hi Ange,
    Sorry I am not clever enough to post a chart but the way that I see it is that AVB did its first run from 0.026 to a high of 0.082 and then spent 4 days consolidating at 0.07. forming a type of flag pattern.
    AVB then broke out of this pattern and ran to 0.20, the .618 fib retracement level of this run is 0.15 and it found support off this level today.
    Not looking for an argument here just looking at it from a different perspective.
    I feel that this will prove to be the support level.
    Cheers

 
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